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Exam (elaborations)

M100 Verified Exam Elaboration and Approved Study Guide [100% Correct]

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Institution Community Association Management
Course Community association management
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M100 Verified Exam Elaboration and Approved Study Guide [100% Correct] Community Association *Ans* Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association *Ans* Provide for the community, business, and governance aspects of the association Basic types of community association *Ans* Planned communities, condominium, and cooperatives Planned community *Ans* HOA, owner association Condominium *Ans* Owner of his/her unit Cooperative *Ans* Owns stock/holds lease Types of community associations *Ans* Master/umbrella, Mixed use development, 55 and older Association derives legal obligation from *Ans* Federal, state and local laws- legal documents, lender requirements, standards set by professional bodies EEOC *Ans* Equal employment opportunity commission Equal employment opportunity commission *Ans* Prohibits discrimination in hiring, promoting, etc. FLSA *Ans* Fair Labor Standards Act Fair Labor Standards Act *Ans* Dictates standards for minimum wage FMLA *Ans* Family Medical Leave Act Family Medical Leave Act *Ans* Provides for unpaid leave for various medical issues FICA *Ans* Federal Insurance Contributions Act OSHA *Ans* Occupy Safety Health Act Occupy Safety Health Act *Ans* Outlines safety guid

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